New Stock News | Sieyuan Electric (002028.SZ) Hong Kong IPO prospectus invalidated
Siyuan Electric Co., Ltd. (abbreviated as Siyuan Electric, 002028.SZ) submitted its Hong Kong stock prospectus on February 11, 2026, which will expire on August 11, 2026, after six months.
Sieyuan Electric Co., Ltd. (referred to as: Sieyuan Electric, 002028.SZ) submitted its Hong Kong stock prospectus on February 11, 2026, which will expire six months later on August 11, 2026. CITIC SEC was its exclusive sponsor at the time of submission.
According to the disclosures in the previous prospectus, Sieyuan Electric is a global manufacturer of power distribution and transmission equipment and a provider of integrated power energy solutions. Based on data from Frost & Sullivan, Sieyuan Electric ranks eighth among international companies, fifth among domestic companies, and third among domestic private enterprises in terms of market revenue in China's power transmission and distribution and control equipment market for 2024, with a market share of 3.5%.
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